By 2015-16, domestic production of natural gas may rise to around 125 MMSCMD from 111 MMSCMD in 2012-13, rating agency ICRA feels. By 2019-20, domestic output could increase further to around 183 MMSCMD, a study conducted by ICRA show
Author: admin (Infratructure Today)
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OMCs raise petrol, diesel prices
Public sector oil marketing companies (OMCs) hiked petrol prices by 70 paise per litre and diesel by 50 paise considering the increase in the international crude oil prices. But pump prices will vary from city to city depending on state and local taxes. Oil firms pointed out that the international price of petrol rose from $117.19 per barrel to $120.05 per barrel. The rupee-dollar exchange rate however, has marginally appr
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Finance ministry opposes proposal of oil ministry
In a move that may delay the introduction of shale gas policy, the union petroleum ministry may have to work on a fresh proposal and another round of consultations could take place. This is because the finance ministry opposed the petroleum ministryĆās move to allow existing oil and gas explorers to find shale gas in their respective blocks.
The
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Govt awards Rs 205-cr contract to Pratibha Industries
The Public Health Engineering Department of Rajasthan government awarded a Rs 205 crore contract to Pratibha Industries for water supply scheme to 161 villages of Phagi Tehsil in Jaipur under Bisalpur Dudu Phagi Water Supply Project. The infrastructure major is scheduled to complete work on the project in 30 months from date of commencement, Prati
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Govt wants to reduce oil import bill
Prime Minister Manmohan Singh has reportedly directed Petroleum Minister M Veerappa Moily to take steps for reducing crude oil import bill by $25 billion. Prime Minister wants to reduce import bill of crude oil given that the price of the fuel rose to around $105.61 a barrel after declining in
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Kotak Mahindra to open 100 new banks
In the current fiscal year, Kotak Mahindra Bank is planning to open 100 new branches across India. The bank has all India network of 450 branches and 969 ATMs. With the opening of 100 more branches the bank will cross 550 mark before March, 31 2014, said Kotak Mahindra Bank Executive vice-president Virat Diwanji.
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RBI says liquidity curbs to stay till rupee stabilises
Liquidity tightening measures initiated by Reserve Bank of India (RBI) would remain in force till stability is achieved in the foreign exchange market, the RBI said on August 1. It did not give any timeframe for rollback of the measures. RBI is as anxious as everyone to roll back the cash tightening steps sooner than later. However, the measures taken will be in place until volatility in the foreign exchange market is controlled, RBI Governor Duvvuri Subbarao said. He added that he does not want
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Work started on Mulavukadu-Ernakulam road in Kochi
The Goshree Island Development Authority (GIDA) has taken measures to complete the much-delayed 5.5 km-long Mulavukadu-Ernakulam road. Following public protests against the delay in executing the project, GIDA officials along with the consultant inspected the site to take a decision to restart construction activities on Thursday. The authority will also submit a report to the district collector. After completing the first stage, the authority will focus on the second phase between Pattalam camp
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Rs 17,802 cr spent on road works in Bangalore
The Bangalore City Corporation has spent Rs 17,802 crore on asphalting roads, said Yediyur councillor NR Ramesh. Speaking at the council meeting, Ramesh said that from 2003 to 2007, the then Bangalore Mahanagara Palike (BMP) had spent Rs 6,460.76 crore. Interestingly, there were only three zones at the time. Five more zones were added in 2007 and the BMP became BBMP or Bruhat Bangalore Mahanagara Palike. During the period (2007-10), when the administrator was in charge of BBMP, it spent Rs 8,798
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No road connectivity to 7,000 MP villages
In Madhya Pradesh, residents of Karadia village in Sehore district fear a lot of monsoon- because heavy rain maroons the village and in absence of road connectivity it remains cut off from the mainland. Efforts by villagers to apprise local administration and elected representatives about the problem have failed to yield positive results. Like inhabitants of 7,000 villages that have no connectivity with mainland, villagers in Karadia wake up with a prayer- no one in the village should fall ill.